Retirement plan

ARK SYSTEMS ELECTRIC CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Name: ARK SYSTEMS ELECTRIC CORP. - ARK SYSTEMS ELECTRIC CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN (2017) Form 5500
Creator: ARK SYSTEMS ELECTRIC CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARK SYSTEMS ELECTRIC CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN, ARK SYSTEMS ELECTRIC CORP.

ARK SYSTEMS ELECTRIC CORP.EIN 11-3405991Plan #001PY 2017

27-08 42ND ROAD - LONG ISLAND CITY, NY 11101718-482-3922LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$3.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+28.7% from 2016

Total participants

0.0% from 2016

Average account balance

$178,418

+40.4% from 2016

Annual return

14.97%

+7.41 pp from 2016

Benchmarks

See 37,229 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort37,229 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.47M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$289K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$3963

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$28K

$2295 / participant

Other / not subdivided$28K100.0%

% of EOY assets

1.403%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,418

$106,008+68.3%

$92,240+93.4%

$147,586+20.9%

Participation rate

91.7%

80.4%+11.3pp

76.5%+15.2pp

82.8%+8.8pp

Annual return

14.97%

50.05%-35.1pp

176.29%-161.3pp

578.59%-563.6pp

Employer contribution / active EE

$10,993

$4,333+153.7%

$3,680+198.7%

$4,876+125.4%

Participant deferral / active EE

$8,730

$4,478+94.9%

$3,897+124.0%

$5,439+60.5%

Admin fee / account holder

$2,504

$6,333-60.5%

$5,194-51.8%

$10,886-77.0%

ARK SYSTEMS ELECTRIC CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARK SYSTEMS ELECTRIC CORP. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion